5% rose to $12.3 for Macquarie's soaring target price

The shares are now up 4.72% to HK $9.76, trading 28.03 million shares after the swing rose after a low opening this morning.　　Macquarie issued a report saying that the unit's rating from neutral to stronger than the market, the target price increased significantly more than one to 12.3 Hong Kong dollars, the equivalent of 09 per cent earnings ratio 22 times times, than the market premium of 26%. Macquarie said it would increase the price forecast for 9 Chinese cities to about 5% per cent from a year earlier, after a forecast of about 5% per cent, and says it is more bullish on the Pearl River delta price outlook. In turn, it is expected that the real estate in the 08-11 fiscal year earnings per share growth of 39%, the 09 fiscal year earnings forecast increase by 20% to 0.48 yuan. Macquarie believes the company has received 57% per cent of the 09 sales target, with low-cost land reserves to ensure higher margins, and investors ' return to the market will support the Agile Hainan Project, which contributes 16% of the net worth of each share.